Gambling in South Korea: Main Facts
Category | Details |
---|---|
🌐 Most Widespread Languages | Korean |
💵 National Currency | South Korean Won (KRW) |
🚫 Legal Status of Gambling | Gambling is mostly illegal for locals. Exceptions include horse racing, cycling, motorboat racing, and lotteries. Foreigners can gamble in specific casinos. Online gambling is illegal. |
🏛️ Gambling Regulator | Ministry of Culture, Sports, and Tourism; Korean Racing Authority for horse racing |
💰 Gambling Taxes | Gambling winnings are taxed at a rate of 22%, which can increase to 30% for higher earnings. |
🎲 Popular Gambling Activities | Horse racing, lotteries, sports betting (via Sports Toto and Sports Proto), and limited casino gambling for locals (Kangwon Land Casino). |
🌐 Availability of New Online Casinos | Online gambling is prohibited, but many South Koreans use offshore online casinos through VPNs. |
📱 Technology Usage | High internet penetration and smartphone usage; players often use mobile apps and websites to access offshore gambling sites. |
🃏 Most Popular New Game Type | Slot machines and live dealer games are highly favored due to their engaging and interactive nature. |
🎁 Most Popular New Bonus Type | Welcome bonuses and no-deposit bonuses offered by offshore casinos are popular among South Korean players. |
🎮 Top New Casino Software Provider | Microgaming and NetEnt are widely recognized for their high-quality games and are popular among South Korean players. |
Here's detailed information about the status of gambling in South Korea. Now, let's dive deep into our reviewing process!